Dow is currently in a freefall

[_Kevin Graham]

This is clearly an economy that was doing well because of Obama' 8 years in office and the numerous policies he passed, and it continues to do well in spite of Trump because of the momentum it had going in to 2017.

Subs is so damned dumb he can't even validate his credentials as an architect given is idiotic face plants on math questions. But he's the guy to listen to on economics?

[_Gunnar]

Subs is so damned dumb he can't even validate his credentials as an architect given is idiotic face plants on math questions. But he's the guy to listen to on economics?

I hear you on that. Based on some examples I have seen of his mathematical reasoning ability, I can't help but doubt his claims to being a successful architect. He often seems to have a poor grasp of basic science as well, plus a rather tenuous grasp on reality in general.

[_Bach]

This is clearly an economy that was doing well because of Obama' 8 years in office and the numerous policies he passed,

Before I stop LMFAO, please, really please, just provide one Obama policy that has made any significant contribution to this economy that, obviously, was not making the same contribution during his EIGHT YEARS!!

Need to dry up some tears from laughing so hard on that statement! Son, you are hysterical. I assume you must be a public education history major.

[Guest]

...
Not that I think stock price is a great measure of economic health, but if we’re going to talk about stock market performance, let’s at least compare apples to apples.

Im still unclear on how you guys determine who's economy is who's and when it's theirs...is it just a measure of political convenience? or is it just plain ol' KG's posts level of economic ignorance?

This economy thing is hard for you, I know.

[_canpakes]

Before I stop LMFAO, please, really please, just provide one Obama policy that has made any significant contribution to this economy that, obviously, was not making the same contribution during his EIGHT YEARS!!

Need to dry up some tears from laughing so hard on that statement! Son, you are hysterical. I assume you must be a public education history major.

And here’s another one.

Likewise, you can’t point to a graph of the DJIA or employment and tell me what Trump policies contributed to their better performance streaks. You’ve been asked that before, and you always flee the thread like a cockroach skitters from the light.

Time for you to disappear again, my fake little banker boy.
; )

[_Kevin Graham]

This is clearly an economy that was doing well because of Obama' 8 years in office and the numerous policies he passed,

Before I stop LMFAO, please, really please, just provide one Obama policy that has made any significant contribution to this economy that, obviously, was not making the same contribution during his EIGHT YEARS!!

Need to dry up some tears from laughing so hard on that statement! Son, you are hysterical. I assume you must be a public education history major.

Laugh all you want because that's all you can do. You sure as hell can't deal with any real facts or data points.

Even a damned six year old can point to this graph and see where the change happened. Nothing special has happened under Trump. All that has happened is the economy has kept the momentum it had the previous 8 years while a geriatric with a six year old's education is trying to claim credit.



In February 2009, Congress approved Obama's $787 billion economic stimulus package. It cut taxes, extended unemployment benefits, and funded public works projects.

The recession ended in July 2009 when GDP growth turned positive.

In just seven months, the American Recovery and Reinvestment Act pumped $241.9 billion into the economy. That increased growth to a robust 3.9 percent rate by early 2010. By March 30, 2011, almost all ($633.5 billion) of the funds were spent.

Obama bailed out the U.S. auto industry on March 30, 2009. The federal government took over General Motors and Chrysler, saving three million jobs. It forced the companies to become more fuel efficient and therefore more globally competitive.

On March 23, 2010, the Affordable Care Act revolutionized healthcare. By 2014, the economy benefited from having 95 percent of the population on health insurance.

The greater number of people receiving preventive care reduced the number of expensive visits to emergency rooms.

That slows the rise of health care costs for everyone. That's because Medicaid reimburses hospitals for emergency care. Those are the most significant of Obamacare's 10 advantages.

Why did health care need to be reformed? Rising costs threatened to take over the entire federal budget. It was also the no.1 cause of bankruptcies. In return, Americans received the worst health care in the developed world. It is the only one of 33 developed countries without universal health care.

President Donald Trump promised to "repeal and replace" Obamacare. As of October 2017, he has failed to pass any legislation. But he is weakening Obamacare even without repeal.

In July 2010, the Dodd-Frank Wall Street Reform Act improved regulation of eight areas that led to the financial crisis. The Consumer Financial Protection Agency reduced harmful practices of credit cards and mortgages. The Financial Stability Oversight Council regulated hedge funds and banks that became too big to fail. The "Volcker Rule" banned banks from risking losses with their depositors' money. Dodd-Frank clarified which agencies regulated which banks, stopping banks from cherry-picking their regulators.

Dodd-Frank directed the Securities and Exchange Commission and the Commodity Futures Trading Commission. These regulated the riskiest derivatives, like credit default swaps and commodities futures. Dodd-Frank also asked the SEC to recommend how the credit rating agencies, like Moody's and Standard & Poor's, could be improved.

In December 2010, Obama and Congress agreed upon additional stimulus in the form of an $858 billion tax cut. It had three main components: a $350 billion extension of the Bush tax cuts, a $56 billion extension of unemployment benefits, and a $120 billion reduction in workers' payroll taxes. Businesses received $140 billion in tax cuts for capital improvements and $80 billion in research and development tax credits. The estate tax was exempted (up to $5 million), and there were additional credits for college tuition and children.

On August 28, 2012, the Obama administration announced new fuel efficiency standards. He required cars and light trucks obtain 54.5 MPG by 2025. That would reduce oil consumption by 12 billion barrels, saving drivers $1.7 trillion. It would also reduce the damage of climate change by lowering greenhouse gases.

The Trump administration promised to roll back these standards. But California requires zero-emissions vehicles. Twelve other states adopted the mandate. Major automakers must build cars to meet stricter standards in the European Union and Asia.

On October 4, 2015, Obama's team negotiated the Trans-Pacific Partnership. It would have replaced NAFTA as the world's largest free-trade agreement. It would have removed tariffs between the United States and 11 other countries that border the Pacific Ocean. On January 23, 2017, Trump withdrew the United States from the agreement. The other countries are planning to continue the agreement anyway. Japan and the European Union are negotiating their own agreement.

Obama launched the Transatlantic Trade and Investment Partnership between the United States and the European Union.

Obama is the third-best job-creating president in U.S. history. His policies put 16 million people to work from the depths of the recession in December 2009 to the end of his term. That's because unemployment continued to rise even after the recession ended in July. It takes a few months of economic growth before businesses are confident enough to begin hiring again.

https://www.thebalance.com/what-has-oba ... ts-3306158

[_aussieguy55]

I saw this depressing article online from Forbes

https://www.forbes.com/sites/johnmauldi ... b9676344be

[_Kevin Graham]

How could this possibly be?

Business conditions are at their worst level since the 2008 financial crisis, says Morgan Stanley

[_subgenius]

How could this possibly be?

Business conditions are at their worst level since the 2008 financial crisis, says Morgan Stanley

oh well if Morgan Stanley says its true...

[_canpakes]

How could this possibly be?

Business conditions are at their worst level since the 2008 financial crisis, says Morgan Stanley

oh well if Morgan Stanley says its true...

He’ll put his trust in Morgan Stanley, and you’ve got yours in 4chan. To each his own.